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Outlook The Old Lady of Threadneedle Street likes drama to be reserved firmly for the stage. So yesterday's announcement from her Financial Policy Committee on "potential amplification channels" of financial risks was characteristically short on hyperbole.

Gross Misconduct, By Venetia Thompson

It is a few months prior to the collapse of Lehman Brothers, and the City is still flying high. Venetia Thompson, a well-spoken university graduate, finds herself working among the barrow boys of Essex at a brokerage firm on the upper echelon's of Canary Wharf's mirrored towers.

Ex IG chief to chair new bank

A new bank targeting independent financial advisers is to be launched with the former chief executive of IG Index, Nat Le Roux, earmarked as chairman.

John Rentoul: Tory policies contradict their own warnings

A long time ago in an economy far, far away, a Great Leader with a reputation as an Iron Chancellor had a Golden Rule. It said that the government should balance its books, borrowing prudently when needed and paying it back in the good times. But then, in September 2008, Lehman Brothers went bust. The economy shrank; tax revenues dried up; banks were nationalised. Rather suddenly, government borrowing was forecast to go up from about 2.5 per cent of national income to 12.5 per cent – a level that would be regarded in peacetime as disastrous, as Jon Moulton points out.

The City Diary: Sibling rivalry: Life inside Lehman Brothers

Slackbelly exposes The Good, The Bad and The Ugly of The Square Mile

On the Brink, By Hank Paulson

The US Treasury Secretary defends shutting Lehmans

Letters: NHS and privacy

NHS records scheme is an attack on our privacy

Stephen Foley: The familiar themes in Lehman's latest drama

US Outlook: In Enron the Play, the West End smash coming here to Broadway in the spring, "the Lehman Brothers" are depicted as conjoined twins in a single over-size suit jacket.

Leading article: Lehman's dodgy figures

"Rep 105" is not perhaps the phrase that trips most often from ordinary people's tongues. That may well be about to change after yesterday's report by a US court-appointed examiner into the collapse of Lehman Brothers – the world's biggest bankruptcy and the primary cause of the credit crunch that brought the global financial system to a juddering halt in September 2008.

Numis loses chief finance officer after just four months

Numis, the city broker led by Oliver Hemsley, has parted company with it's chief finance and operating officer after just four months.

AIG bonus row rekindled by $100m 'retention' plan

Employees of AIG's disaster-stricken derivatives business are drawing renewed political fire after reneging on promises to hand back a portion of last year's bonus, and amid news that they are just days away from receiving another $100m (£63m) in "retention payments".

Diamond cashes in £5m shares for Christmas

Bob Diamond, the president of Barclays, has pocketed nearly £5m after selling 18 per cent of his shareholding in the bank.

Lord Levene: Men of all faiths and none can together restore trust in business

In an era where the chairman of a multinational firm holds more power than the leaders of most countries, boards need to revisit who they are working for, and why. We do not have to choose between principles and profits. Nor do they simply co-exist, they are co-dependent. A central challenge is how to reconcile differing needs. A shareholder wants profits. Civil Society may want a carbon neutral society. But when I look around me, at the members of the Council of Christians and Jews, I know that this can be done.

Capita falls on worries over hit from Arch funds

Capita stood out as the largest faller on the FTSE 100 index yesterday after the outsourcing company warned that it may end up bearing costs connected to two suspended Arch funds.

Ad revenue declines slow to 19 per cent at Johnston

Johnston Press, which owns the Yorkshire Post and The Scotsman, yesterday backed the "greater stability" in its advertising revenues, as the declines slowed over the past 10 weeks.

Watchdog orders advisers to compensate Lehman victims

Thousands of savers who lost more than £100m in investment plans backed by the failed banking giant Lehman Brothers may be in line for compensation after the City watchdog ordered financial advisers to look at their cases.

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General Election 2015: ‘We will not sit down with Nicola Sturgeon’, says Ed Balls

'We will not sit down with Nicola Sturgeon'

In an exclusive interview, Ed Balls says he won't negotiate his first Budget with SNP MPs - even if Labour need their votes to secure its passage
VE Day 70th anniversary: How ordinary Britons celebrated the end of war in Europe

How ordinary Britons celebrated VE Day

Our perception of VE Day usually involves crowds of giddy Britons casting off the shackles of war with gay abandon. The truth was more nuanced
They came in with William Caxton's printing press, but typefaces still matter in the digital age

Typefaces still matter in the digital age

A new typeface once took years to create, now thousands are available at the click of a drop-down menu. So why do most of us still rely on the old classics, asks Meg Carter?
Discovery of 'missing link' between the two main life-forms on Earth could explain evolution of animals, say scientists

'Missing link' between Earth's two life-forms found

New microbial species tells us something about our dark past, say scientists
The Pan Am Experience is a 'flight' back to the 1970s that never takes off - at least, not literally

Pan Am Experience: A 'flight' back to the 70s

Tim Walker checks in and checks out a four-hour journey with a difference
Humans aren't alone in indulging in politics - it's everywhere in the animal world

Humans aren't alone in indulging in politics

Voting, mutual back-scratching, coups and charismatic leaders - it's everywhere in the animal world
Crisp sales are in decline - but this tasty trivia might tempt back the turncoats

Crisp sales are in decline

As a nation we're filling up on popcorn and pitta chips and forsaking their potato-based predecessors
Ronald McDonald the muse? Why Banksy, Ron English and Keith Coventry are lovin' Maccy D's

Ronald McDonald the muse

A new wave of artists is taking inspiration from the fast food chain
13 best picnic blankets

13 best picnic blankets

Dine al fresco without the grass stains and damp bottoms with something from our pick of picnic rugs
Barcelona 3 Bayern Munich 0 player ratings: Lionel Messi scores twice - but does he score highest in our ratings?

Barcelona vs Bayern Munich player ratings

Lionel Messi scores twice - but does he score highest in our ratings?
Martin Guptill: Explosive New Zealand batsman who sets the range for Kiwis' big guns

Explosive batsman who sets the range for Kiwis' big guns

Martin Guptill has smashed early runs for Derbyshire and tells Richard Edwards to expect more from the 'freakish' Brendon McCullum and his buoyant team during their tour of England
General Election 2015: Ed Miliband's unlikely journey from hapless geek to heart-throb

Miliband's unlikely journey from hapless geek to heart-throb

He was meant to be Labour's biggest handicap - but has become almost an asset
General Election 2015: A guide to the smaller parties, from the the National Health Action Party to the Church of the Militant Elvis Party

On the margins

From Militant Elvis to Women's Equality: a guide to the underdogs standing in the election
Amr Darrag: Ex-Muslim Brotherhood minister in exile still believes Egypt's military regime can be replaced with 'moderate' Islamic rule

'This is the battle of young Egypt for the future of our country'

Ex-Muslim Brotherhood minister Amr Darrag still believes the opposition can rid Egypt of its military regime and replace it with 'moderate' Islamic rule, he tells Robert Fisk
Why patients must rely less on doctors: Improving our own health is the 'blockbuster drug of the century'

Why patients must rely less on doctors

Improving our own health is the 'blockbuster drug of the century'